How to Buy Magnolia Oil & Gas Stock
Magnolia Oil & Gas Corp
Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States.
Magnolia Oil & Gas stock last closed at $26.28, up 0.65% from the previous day, and has increased 26.53% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.04 percentage points. Magnolia Oil & Gas stock is currently +40.38% from its 52-week low of $18.72, and -3.84% from its 52-week high of $27.33.
At the moment, there are 204.28M MGY shares outstanding. The market cap of MGY is $5.37B. In the last 24 hours, 1.48M MGY shares were traded.
How to Buy Magnolia Oil & Gas Stock
Wondering how to invest in Magnolia Oil & Gas stock? Here's how.
- Choose where to buy Magnolia Oil & Gas stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Magnolia Oil & Gas stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your info.
- Evaluate Magnolia Oil & Gas stock: The Magnolia Oil & Gas ticker symbol is MGY. Is Magnolia Oil & Gas stock a good investment? Should you buy shares of MGY? How do MGY's underlying business fundamentals look? Do top analysts think Magnolia Oil & Gas is a good buy? Why has MGY's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if MGY is a good stock to buy).
- Place your MGY buy order: Decide if you will purchase MGY shares at the current market price or use a limit order to buy MGY shares at a specific price.
- Watch your investment in MGY: Create a watchlist to key updates about your investment in Magnolia Oil & Gas shares.
Step 1: Choose where to buy Magnolia Oil & Gas stock
You need a brokerage account to access the NYSE market and buy MGY stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal info so you are able to buy MGY today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your investment account
Now that you have created your account on a good online stock trading app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of transferring money into your brokerage account.
Step 4: Evaluate Magnolia Oil & Gas stock
After you have chosen the best place to buy Magnolia Oil & Gas stock, it's absolutely critical to research their stock before you invest, so you actually comprehend the risk as well as the upside.
Magnolia Oil & Gas Numbers
Magnolia Oil & Gas Due Diligence Checks
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on MGY's stock page.
How is MGY stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge MGY's intrinsic value.
Using relative valuations ratios:
- MGY could be undervalued based on its P/E ratio of 12.88x, relative to Oil & Gas E&P industry P/E ratio of 15.49x
- MGY could be overvalued based on its P/B ratio of 3.17x, relative to Oil & Gas E&P industry P/B ratio of 2.17x
- MGY may be undervalued based on its PEG ratio of 0.17x
You can do more valuation analysis on MGY's stock here.
A quick look at MGY Financials
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the MGY balance sheet.
- There are more short-term assets than short-term liabilities on the MGY balance sheet.
- MGY's operating cash flow of $855.79M allows it to safely service it's debt of $392.84M.
- MGY earnings of $495.54M is not enough to cover its interest payments.
- Total MGY debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- MGY profit margin has gone down from 52.7% to 31.6% in the past year.
- MGY has a relatively high debt to equity ratio of 0.52.
Is MGY stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Wall Street analysts who monitor MGY, the consensus analyst rating on Magnolia Oil & Gas is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest MGY Analyst Ratings
William Janela, a top 6% analyst from Mizuho maintains MGY with a hold rating and raises their MGY price target from $24.00 to $26.00, on Mar 14, 2024.
Neal Dingmann, a top 1% analyst from Truist Securities maintains MGY with a strong buy rating and raises their MGY price target from $32.00 to $33.00, on Feb 16, 2024.
Truist Securities's Neal Dingmann raised their price target on Magnolia Oil & Gas (NYSE: MGY) by 3.1% from $32 to $33 on 2024/02/16. The analyst maintained their Strong Buy rating on the stock.
Though often underestimated when compared to its Permian peers, Magnolia's "industry-leading Return on Capital Employed and operating margin tell the story," Dingmann argued on the strength of the company's Q4 and FY 2023 print, released on 2024/02/14.
Magnolia Oil & Gas continues to make operational progress in its legacy and newer Giddings assets, contributing to its strong free cash flow, the analyst added.
Earnings Report
Magnolia Oil & Gas Corporation reported:
For Q4 2023:
- EPS of $0.53, which missed Q4 2022’s $1.20 by 56%.
- Revenue of $322.63M, which missed Q4 2022’s $349.04M by 7.6%.
For FY 2023:
- EPS of $2.04, which missed FY 2022’s $4.71 by 57%.
- Revenue of $1.22B, which missed FY 2022’s $1.69B by 27.8%.
Management guided:
For Q1 2024:
- Q1 production of 84 to 85 Mboe/d.
For FY 2024:
- Y/Y Production growth of high-single-digit.
President & CEO Chris Stavros commented: “Our business model is designed to provide a balanced approach toward prudently and efficiently reinvesting in our assets while returning a significant amount of cash to investors.
“Our supply chain and operations staff partnered with our service providers and material vendors to better align costs within the lower commodity price environment which improved our margins and free cash flow generation.
“As a result of our actions, our total capital spending was 17% lower than our initial 2023 budget and we generated $413M of free cash flow while achieving production growth of 9%.
“We also used some of our excess balance sheet cash to make several bolt-on oil and gas property acquisitions during 2023, yet still ended the year with zero net debt.
“These properties, improve the business and its overall durability by enhancing our high-margin resource opportunity set and allow us to apply our experience and skills from Giddings.”
Nitin Kumar, a top 1% analyst from Wells Fargo maintains MGY with a hold rating and lowers their MGY price target from $23.00 to $21.00, on Jan 19, 2024.
You can dive deeper into what analysts are projecting on the Magnolia Oil & Gas stock forecast page.
MGY Technicals
MGY Earnings
Last year, MGY earnings were $388.30M. In the past four year, MGY's earnings have grown by 62.86% per year. This was faster than the Oil & Gas E&P industry average of 12.91%.
Last year, MGY revenue was $1.23B. In the past 4 year, MGY's revenue has gone up by 6.83% per year. This was slower than the Oil & Gas E&P industry average of 19.16%.
Learn more about MGY's earnings and revenue performance here.
Latest Insiders Trades at MGY
In the past 12 months, executives and large shareholders at MGY have sold more shares than they have bought.
Brian Corales, SVP CHIEF FINANCIAL OFFICER of MGY, was the latest MGY insider to sell. They sold $251,827.00 worth of MGY stock on Mar 1, 2024.
Research more about who owns MGY shares here.
Does MGY provide a stable income stream?
Magnolia Oil & Gas pays a dividend of 1.81%, compared to the Oil & Gas E&P industry's average dividend yield of 3.55%. If you owned $1,000 worth of MGY stock, you would have received $18.07 in the past year.
Find more analysis about Magnolia Oil & Gas dividend yield and history here.
Get opinions from other investors
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Step 5: Place your MGY buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, use a limit order.
Hit the Open button and your broker will execute your order.
If you want additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Watch your investment in MGY
Now that you own some MGY stock, you'll want to keep up with your new shares.
Create a watchlist to get notified of the latest news about your MGY stock.
MGY Feed
How to Buy Stock in Magnolia Oil & Gas
To reiterate, here are the 6 steps to buy stock in Magnolia Oil & Gas:
- Choose where to buy Magnolia Oil & Gas stock
- Create a brokerage account
- Deposit funds into your investment account
- Evaluate Magnolia Oil & Gas stock
- Place your MGY buy order
- Watch your investment in MGY
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Magnolia Oil & Gas, create a watchlist on WallStreetZen today.
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